Having a professional Community Association management company in place is essential for the sustainability of a homeowners Association.
Everything from communication and billing to maintenance and vendor coordination will just run smoother with a professional CAM.
The role of community association management involves various business activities and operations. Because of the importance of these roles and their proper execution, a community manager is vital to the sustainability of a community association.
In this article, you will find out which tasks make a community association management so valuable by looking at the most important services a CAM offers.
What type of services does a Community Association Management Company offer?
Billing and Collections
Everything a community association management company does is meant to make things easier for the board. Speed up processes and relieve the burden of administrative tasks from the board member’s shoulders.
The board of directors is usually a group of people who volunteer their time to do the homeowner association administration. This means most of them still have a busy life and career outside the community and administrative needs to take care of.
However, thanks to the community association management company, the board can focus on higher-impact functions and decisions within the association.
That’s why when it comes to financial tasks, the community association manager will be responsible for:
- Paying bills
- Collecting and depositing assessments
Enforcing Community Policies
The CAM will also make sure that the policies and guidelines within the community are upheld by its members.
This means ensuring that residents comply with the framework of community rules meant to sustain order.
This is one of the necessary things to ensure a professional management team.
The board also delegates many of the property management tasks to the CAM. This means cording the maintenance of the open and public areas of the community.
Coordinating vendors to run maintenance work and upkeep is one of the prime duties of the CAM.
Providing Legal Expertise
What would managing and executing any delegated tasks do if it wasn’t based on a sound understanding of how to run a community and its daily tasks.
Not everything goes, and some actions have limits. Managing the extent of what goes and what doesn’t also falls into the expertise of the community association manager and their legal experience.
An association requires a group effort to run smoothly. In order to run maintenance work or ensure timely repairs and up keeping, the association requires outside assistance from vendors and other companies.
The community association doesn’t just bring its experience and expertise to the table. The CAM also brings along its extensive network of connections.
Why does an HOA need a CAM to manage all these tasks?
The biggest reason is time
Most board members either have businesses of their own or jobs and careers to tend to. Even though they volunteered to be on the board, most of the HOA tasks are just too time-consuming and minute for them to take care of.
And as we know, a jack of all trades is a master of none. This is why a sensible HOA will always bring in a competent CAM to help manage the community on their behalf.
What is the time or money that can be lost doing it yourself?
We all know that time is money. But money can leverage other people’s time to do delegated tasks so that there is more time to focus on more high-profile tasks.
The same applies to the management of a community. If the board took care of everything on their own, they would spend so much time on B and C tasks that would not make any impact, while they would be forced to pass on the A-level tasks that pack a punch and drive opportunities and growth for their communities.